Global Masters Fund Limited (AU:GFL)
ASX:GFL
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Global Masters Fund Limited
(Sydney:GFL)
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Rating:46Neutral
Price Target:
AU$3.00
▼(-15.49% Downside)
Action:ReiteratedDate:03/24/26
The score is held down mainly by weak financial quality (persistent negative operating/free cash flow despite a 2025 profit rebound) and a clearly bearish technical trend (below major moving averages with negative MACD). Valuation offers limited support because the negative P/E is not a reliable basis and no dividend yield data is available.
Positive Factors
Diversified global equity mandate
GFL’s core business is a diversified global equity mandate, which reduces single-market and sector concentration risk and supports durable exposure to secular growth trends across regions. A diversified holdings base helps stabilize long-term return drivers and dividend streams for investors.
Negative Factors
Persistent negative operating and free cash flow
Operating and free cash flows have been negative across 2020–2025, meaning reported earnings do not convert into cash. Chronic cash burn forces reliance on balance sheet resources or external funding, increasing structural liquidity risk and limiting the company's ability to self-fund distributions or reinvestment.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified global equity mandate
GFL’s core business is a diversified global equity mandate, which reduces single-market and sector concentration risk and supports durable exposure to secular growth trends across regions. A diversified holdings base helps stabilize long-term return drivers and dividend streams for investors.
Read all positive factors
Global Masters Fund Limited (GFL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
N/A
Dividend YieldN/A
Average Volume (3M)5.31K
Price to Earnings (P/E)―
Beta (1Y)0.18
Revenue Growth170.33%
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management - Global
Share Statistics
EPS (TTM)-0.07
Shares Outstanding11,284,448
10 Day Avg. Volume3,720
30 Day Avg. Volume5,313
Financial Highlights & Ratios
PEG Ratio-0.35
Price to Book (P/B)0.93
Price to Sales (P/S)71.94
P/FCF Ratio-52.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Global Masters Fund Limited Business Overview & Revenue Model
Company Description
Global Masters Fund Limited is a close ended equity mutual fund launched and managed by Growth Equities Corporation Ltd. The fund invests in the stocks of Berkshire Hathaway Inc. Global Masters Fund Limited is domiciled in Australia....
Global Masters Fund Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
72
Positive
Cash Flow
28
Negative
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 564.06K | -168.44K | 1.15M | 589.91K | 346.31K |
| Gross Profit | 564.06K | -253.60K | 1.06M | 494.10K | 95.27K |
| EBITDA | 0.00 | -1.54M | 541.00K | 456.61K | 1.40M |
| Net Income | 755.62K | -1.37M | -618.36K | -1.21M | 934.80K |
Balance Sheet | |||||
| Total Assets | 64.24M | 54.47M | 47.25M | 38.44M | 32.58M |
| Cash, Cash Equivalents and Short-Term Investments | 2.75M | 77.74K | 161.60K | 190.55K | 414.28K |
| Total Debt | 8.85M | 9.10M | 8.68M | 8.31M | 0.00 |
| Total Liabilities | 20.57M | 17.92M | 15.37M | 12.40M | 5.49M |
| Stockholders Equity | 43.67M | 36.54M | 31.88M | 26.05M | 27.08M |
Cash Flow | |||||
| Free Cash Flow | -774.87K | -737.75K | -628.85K | -1.21M | -431.90K |
| Operating Cash Flow | -774.87K | -737.75K | -628.85K | -1.21M | -431.90K |
| Investing Cash Flow | 3.45M | 651.92K | 599.90K | -9.32M | 699.31K |
| Financing Cash Flow | 0.00 | 0.00 | 0.00 | 9.76M | 0.00 |
Global Masters Fund Limited Technical Analysis
Negative
3.55
Price Trends
3.14
Negative
3.38
Negative
3.57
Negative
Market Momentum
-0.08
Negative
22.66
Positive
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GFL, the sentiment is Negative. The current price of 3.55 is above the 20-day moving average (MA) of 2.94, above the 50-day MA of 3.14, and below the 200-day MA of 3.57, indicating a bearish trend. The MACD of -0.08 indicates Negative momentum. The RSI at 22.66 is Positive, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:GFL.
Global Masters Fund Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$60.75M | 2.97 | 35.99% | 6.39% | 22.67% | 19.47% | |
72 Outperform | ― | 4.04 | 8.23% | 6.06% | -51.66% | -47.96% | |
69 Neutral | ― | 3.63 | 10.42% | 6.58% | 20.90% | 2.75% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
53 Neutral | AU$26.79M | 46.88 | 4.11% | 2.03% | 18.17% | ― | |
46 Neutral | ― | -12.92 | 0.89% | ― | 170.33% | ― |
* Financial Sector Average
AU:GFL
Global Masters Fund Limited
2.90
-0.91
-23.88%
AU:CIW
Clime Investment Management Ltd
0.33
>-0.01
-2.40%
AU:MAM
Microequities Asset Management Group Ltd.
0.47
-0.01
-2.52%
AU:WAR
WAM Strategic Value Ltd
1.17
0.17
17.00%
AU:WMI
WAM Microcap Ltd.
1.63
0.27
19.50%
Global Masters Fund Limited Corporate Events
Global Masters Fund Posts Lower March NTA Amid High-Concentration Portfolio
Apr 9, 2026
Global Masters Fund Limited reported an unaudited net tangible asset backing per share of 416.5 cents before estimated tax on unrealised gains and 342.9 cents after tax as at 31 March 2026, down from February levels. The figures reflect deferred t...
Global Masters Fund sets March interest payment on 5.5% convertible bond
Mar 13, 2026
Global Masters Fund Limited has announced an upcoming interest payment on its 5.5% convertible bond security GFLGA, which carries a coupon of 5.5% and matures in November 2026. The payment amount is set at AUD 0.0497 per security, with an ex-date ...
Global Masters Fund posts stable February NTA and confirms concentrated global portfolio
Mar 10, 2026
Global Masters Fund Limited reported its unaudited net tangible asset backing per share as at 28 February 2026, showing a slight decline to 436.4 cents before estimated tax on unrealised gains and 357.8 cents after tax, compared with January’...
Global Masters Fund Updates Management Services Agreement With EC Pohl & Co
Feb 25, 2026
Global Masters Fund Limited has executed an amendment to its Management Services Agreement with EC Pohl Co Pty Ltd, following shareholder approval of related resolutions at the company’s annual general meeting on 25 November 2025. The forma...
Global Masters Fund Positions Portfolio Amid Berkshire Shift and AI-Driven Markets
Feb 23, 2026
Global Masters Fund Limited reported on its half-year to 31 December 2025, highlighting that its core Berkshire Hathaway holding sits within a broadly diversified global portfolio. The company reiterated its objective of long-term capital growth a...
Global Masters Fund Swings to Loss as NTA Declines on FX and Note Costs
Feb 23, 2026
Global Masters Fund Limited reported a 17 per cent increase in operating revenue to $174,339 for the half year to 31 December 2025, but operating loss after tax widened to $760,617, and total comprehensive income swung from a $7.0 million profit t...
Global Masters Fund Posts Lower January NTA Amid Concentrated Long-Term Portfolio
Feb 6, 2026
Global Masters Fund Limited reported an unaudited net tangible asset backing per share of 437.1 cents before estimated tax on unrealised gains and 358.5 cents after tax as at 31 January 2026, down from 479.5 cents and 388.4 cents respectively at t...
Global Masters Fund NTA Slips in December Quarter but Multi‑Year Returns Remain Strong
Jan 16, 2026
Global Masters Fund Limited reported a 4.4% decrease in its pre-tax net tangible asset value to 484.8 cents per share for the quarter ended 31 December 2025, with the share price falling 6.58% as the underlying portfolio declined 6.87%. The quarte...
Global Masters Fund Maintains Note Conversion Terms and Reports 9.36% LTV Ratio
Jan 15, 2026
Global Masters Fund Limited has lodged its quarterly report for the GFL Convertible Notes for the period ended 31 December 2025, confirming that the conversion price for the notes into ordinary shares remains unchanged at $3.10 and that 303,665 no...
Global Masters Fund Seeks ASX Quotation for Additional 12,900 Shares
Jan 13, 2026
Global Masters Fund Limited has applied for quotation on the ASX of 12,900 new ordinary fully paid shares, to trade under its existing ticker GFL from 13 January 2026. The small-scale issuance arises from the exercise or conversion of existing opt...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.